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Factors Influencing the Success of Technology Startups in Vietnam: A research model development

Author

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  • Chuyen Thi NGUYEN

    (School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam Author-2-Name: Ngoc Thi Kim PHAM Author-2-Workplace-Name: School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam Author-3-Name: Dan Thi Thanh NGUYEN Author-3-Workplace-Name: School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

" Objective - The wave of technology startups in Vietnam is growing strongly, significantly contributing to national economic growth. This research aims to develop a comprehensive research model to identify key factors affecting the success of technology startups in Vietnam. Methodology/Technique - This study employs a quantitative research method, utilizing desk research and an in-depth review of the foundation and current research on technology start-ups and related topics. Finding - Based on indepth literature analysis, research identifies ten (10) key factors influencing on the succes of technology start up including: 1) Technology monitoring, (2) Knowledge absorption capacity, (3) Perceived performance, (4) Customer satisfaction level, (5) Stage-based funding, (6) Innovation ecosystem, (7) Innovation and entrepreneurial culture, (8) Government support, (9) Network size and quality, and (10) Founding team capabilities Novelty - The novelty of this study lies in constructing a comprehensive model that integrates endogenous and exogenous factors within Vietnam's specific context, serving as a foundation for future empirical research and appropriate policy recommendations Type of Paper - Empirical"

Suggested Citation

  • Chuyen Thi NGUYEN, 2025. "Factors Influencing the Success of Technology Startups in Vietnam: A research model development," GATR Journals gjbssr664, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:gjbssr664
    DOI: https://doi.org/10.35609/gjbssr.2025.13.2(1)
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    References listed on IDEAS

    as
    1. Hong, Jin & Feng, Bing & Wu, Yanrui & Wang, Liangbing, 2016. "Do government grants promote innovation efficiency in China's high-tech industries?," Technovation, Elsevier, vol. 57, pages 4-13.
    2. Akbar Zaheer & Geoffrey G. Bell, 2005. "Benefiting from network position: firm capabilities, structural holes, and performance," Strategic Management Journal, Wiley Blackwell, vol. 26(9), pages 809-825, September.
    3. Donald F. Kuratko, 2005. "The Emergence of Entrepreneurship Education: Development, Trends, and Challenges," Entrepreneurship Theory and Practice, , vol. 29(5), pages 577-597, September.
    4. Faezeh Hanifzadeh & Kambiz Talebi & Vahid Jafari-Sadeghi, 2024. "Scalability of startups: the impact of entrepreneurial teams," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-21, December.
    5. DeTienne, Dawn R., 2010. "Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development," Journal of Business Venturing, Elsevier, vol. 25(2), pages 203-215, March.
    6. Steven N. Kaplan & Per Strömberg, 2003. "Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 281-315.
    7. Amit Kumar Gupta & Narain Gupta, 2019. "Innovation and Culture as a Dynamic Capability for Firm Performance: A Study from Emerging Markets," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(4), pages 323-336, December.
    8. Marco Gelderen & Roy Thurik & Niels Bosma, 2006. "Success and Risk Factors in the Pre-Startup Phase," Small Business Economics, Springer, vol. 26(4), pages 319-335, May.
    9. Coad, Alex & Frankish, Julian & Roberts, Richard G. & Storey, David J., 2013. "Growth paths and survival chances: An application of Gambler's Ruin theory," Journal of Business Venturing, Elsevier, vol. 28(5), pages 615-632.
    10. Paul Gompers & Josh Lerner, 2001. "The Venture Capital Revolution," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 145-168, Spring.
    11. Autio, Erkko & Kenney, Martin & Mustar, Philippe & Siegel, Don & Wright, Mike, 2014. "Entrepreneurial innovation: The importance of context," Research Policy, Elsevier, vol. 43(7), pages 1097-1108.
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    Keywords

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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